Living Trust for Husband and Wife with Minor and or Adult Children - Florida: Fill out & sign online

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Can husband and wife trustee?

Yes. A married couple can typically create a joint trust agreement, naming themselves as co-trustees. Under this arrangement, the married couple will own the trust assets during their lifetimes.

Does a spouse automatically inherit everything in Florida?

Your surviving spouse inherits everything. If you die with children or other descendants from you and the surviving spouse, and your surviving spouse has descendants from previous relationships. Your surviving spouse inherits half of your intestate property and your descendants inherit the other half.

What rights do spouses have in Florida?

In Florida, a surviving spouse has spousal rights to a deceased spouses property whether or not the decedent provided for such in their will. These rights include exempt property, a family allowance, an intestate share, a pretermitted spousal share, an elective share, and homestead property rights.

What happens if husband dies and house is only in his name in Florida?

Sometimes, however, the home may be owned in one spouses name alone, or perhaps in one of the spouses trusts alone. In that situation, even though the surviving spouses name is not on the deed, the surviving spouse has rights to that property under Floridas constitution.

Who is next of kin in Florida?

(1) To the descendants of the decedent. (2) If there is no descendant, to the decedents father and mother equally, or to the survivor of them. (3) If there is none of the foregoing, to the decedents brothers and sisters and the descendants of deceased brothers and sisters.

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